Complimentary tool · Ontario
What interest do you owe on the deposit?
Holding last month's rent? You owe the tenant annual interest at the guideline rate. See how much, compounded year by year.
$
Track this automatically →
An estimate at the annual guideline rate (RTA s.106). 2021 was a 0% freeze.
Questions, answered
- How much interest is owed on last month's rent?
- The annual rent-increase guideline rate, paid each year on the anniversary of the deposit (RTA s.106). It compounds. The 2026 rate is 2.10%; 2021 was a 0% freeze.
- When do I pay it?
- On each anniversary of the date the deposit was paid. You can pay it in cash or credit it against a lawful rent increase.
- What about a top-up?
- When the rent rises, the deposit (one month's rent) can be topped up to the new amount — and accrued interest can be applied toward that top-up.
Landlordly tracks the balance and reminds you each anniversary. Raising the rent? Use the rent increase calculator.